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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jan. 26, 2019
Jan. 27, 2018
Operating Activities:    
Net income $ 114,717 $ 113,332
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 11,525 10,273
Deferred income tax provision (benefit) 4,057 (5,806)
Loss (Gain) on sale of property, net 2 (9)
Stock-based compensation 179 119
Changes in assets and liabilities:    
Trade receivables 8,021 (4,623)
Inventories (11,243) (7,477)
Prepaid and other assets (3,181) (1,840)
Accounts payable (15,913) 399
Accrued and other liabilities (1,132) 2,390
Net cash provided by operating activities 107,032 106,758
Investing Activities:    
Additions to property, plant and equipment (27,456) (18,686)
Proceeds from sale of property, plant and equipment 10 58
Net cash used in investing activities (27,446) (18,628)
Financing Activities:    
Dividends paid on common stock (69,878)
Proceeds from stock options exercised 403 399
Net cash provided by (used in) financing activities 403 (69,479)
Net Increase in Cash and Equivalents 79,989 18,651
Cash and Equivalents - Beginning of Period 189,864 136,372
Cash and Equivalents - End of Period 269,853 155,023
Other Cash Flow Information:    
Interest paid 38 76
Income taxes paid $ 30,908 $ 48,848